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IIMA conducted its final placement process between March 10th - 16th. A total of 184 students of the Batch of 2001-2003 were placed across 4 days of recruiting. The process this year was extended in terms of duration to accommodate a number of pre-processes, and to give both interviewers and candidates more time for selection. Final placements were preceded by very encouraging statistics during summer placements 2002 (for the batch of 2002-2004, 39 foreign placements with an increase in domestic marketing and finance jobs) and during lateral placements (for graduating students with work experience, increase in consulting and marketing jobs) 2003, both of which showed clear signs of revival in both domestic and international job opportunities. More companies, more diversity, more jobs Against the backdrop of continuing sluggishness in the global economy, Placements 2003 at IIMA saw a 15% increase both in the number of students of the outgoing batch, and in the overall number of offers made. This increase was accounted for by the 70 companies that visited campus for recruiting this year, as against the 45 that recruited last year.
Key additions to the list of recruiters were the following foreign companies:
Among the foreign recruiters, 5 companies recruit only at IIMA in India. These are Goldman Sachs (recruited 4 - London), ABN Amro International (recruited 3 - London, Hong Kong, Singapore), Merrill Lynch (recruited 1 - USA), Morgan Stanley (recruited 1 - Hong Kong) and Citigroup Asset Management (recruited 2 - USA). In addition, a number of Indian finance and marketing companies also visited campus for the first time, giving a wider range of opportunity to students. These additions to the list of recruiters enabled an increase of Day 0 jobs from 36 last year to 44 this year, and of Day 1 jobs from 119 last year to 140 this year (Table 1). The total number of foreign jobs remained the same as last year at 36 (Table 2), but with a more diverse recruiting base than before. The foreign jobs were almost equally divided across USA, UK and Asia Pacific (Table 3). Sectors represented 2003 saw the emergence of Commercial Banking and Finance as a dominant recruiting sector, in addition to Investment Banking and Sales & Marketing (Table 4). This is in contrast to 2002 where the dominant recruiting sectors were Sales & Marketing, Investment Banking and IT. Most of the foreign jobs offered were for Investment Banking, apart from Marketing and General Management positions.
The main recruiters in each sector were as follows:
The top recruiters in terms of offers accepted are shown in Table 5. Compensation The highest domestic salary was Rs 14 lakh offered by McKinsey and Company, and the highest foreign salary was USD 82,000 per annum offered by Capital One. The average domestic salary was Rs 5.9 lakh in 2002, and has shown a respectable increase this year to Rs 6.2 lakh. The median domestic salary has also shown an increase from Rs 5.5 lakh last year to Rs 6.0 lakh. The average foreign salary is expected to show a slight decrease from last year's figure of USD 75,000. Overall
Placements 2003 serve to underscore the reputation that IIMA has built up for itself, both internationally and in India, which has enabled it to weather the most challenging economic cycles and still come up with the most impressive placement statistics in the country. The key differentiating factors for the future are:
Click here to Debate on latest trends of Placements 2003 as the saga unfolds itself.
Read complete story of Placement 2002 as it happened along with analysis and comparison across the B-Schools and segment-wise analysis.
Read complete story of Placement 2001 as it happened along with analysis and comparison across the B-Schools and segment-wise analysis.
Read complete story of Placement 2000 as it happened along with analysis and comparison across the Indian and US B-Schools and segment-wise analysis. Mail your comments at: webmaster@coolavenues.com |
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